Common use of Company's Covenants Summarized Clause in Contracts

Company's Covenants Summarized. 3.1 In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been a termination of the Executive's employment with the Company during the Term and following a Change in Control described in Section 6.1 hereof.

Appears in 11 contracts

Samples: Severance Agreement (Chiquita Brands International Inc), Severance Agreement (Chiquita Brands International Inc), Severance Agreement (Chiquita Brands International Inc)

AutoNDA by SimpleDocs

Company's Covenants Summarized. 3.1 In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been a termination of the Executive's ’s employment with the Company during the Term and following a Change in Control described in Section 6.1 hereof.

Appears in 7 contracts

Samples: Severance Agreement (Chiquita Brands International Inc), Severance Agreement (Chiquita Brands International Inc), Severance Agreement (Chiquita Brands International Inc)

AutoNDA by SimpleDocs

Company's Covenants Summarized. 3.1 In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereofcontinued employment, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinin this Agreement. Except as provided in Section 9.1 hereof8.1 of this Agreement, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 5.1, there shall be deemed to have been) a termination of the Executive's employment with the Company during the Term and following a Change in Control described in Section 6.1 hereof.Control. This

Appears in 1 contract

Samples: Control Agreement (Kaman Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!